Latest RBA Chart Pack
The latest RBA Chart Pack came out today. Maybe yesterday. Can’t remember.
However, as always, a picture is worth a thousand coniptions.
Check this one one. Drivers of economic growth:
So when the government says without government spending we would be in recession, they are wrong.
It is because of government spending we are in recession. It is asphyxiating the econommy.
That consumption, over a larger population is slightly up tells that per-capita consumption is down.
Exports are down. Imports are down. Public servants are up.
The Argentina cocktail.
This one is a good one also …. business confidence tracking to crap too. You know, so to feed government confidence.
Here’s another one for you. Money supply. M3 has been going up for a number of quarters. Based on this, I am somehow doubting the worst of inflation is not past.
It’s not pretty. It’s not pretty at all.
Political rate cut sounds about right.
"Rooted" I think is the technical term. Love how Bowen just has blank cheque book but receives NADA for blowing inflation out. Millions of tonnes of steel and concrete (think housing crisis) used in projects that add Zero to GDP, or to the economy at all in fact the profits go overseas,...but hey Chris write another one, put more zeros on this one.